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Mortgage Market Update

click for larger imageThe rate markets are under pressure again this morning. The recent spike in interest rates adds more confirmation to our forecasts that the lows in the interest rates markets are now in place and rates are unlikely to fall to new lows. The recent stampede to the safety of US treasuries became excessive; the run down in rates was mostly in treasuries but mortgage rates benefited as the outlook for the US economy hit new lows in July and August. A lot of concern the US economy would double dip and fall back into text book recession sent investors, both domestic and foreign, to the safety of bonds.  There just isn't much room left for improvement, but a lot of room for rate to go up.  I would Strongly advise capitalzing while you can.

Want to know more on how the Mortgage Market directly effects mortgage rates or need an explanation of the candlestick chart above? Send us an email and we'll gladly provide an in depth article.  Realtors, ask about a detailed presentation on the Mortgage Market at your next office meeting.

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Entries in client (17)

Monday
Jun282010

David Jones ~ Client

DateMonday, June 28, 2010 at 2:06PM

"We are so very happy, and impressed with the loan assistance provided by Pamela Crim.  In addition to being very personable she was so tenatious in getting our loan approved, that we were able to close within 27 days of finding our new home.  Pamela's knowledge and ability to quickly get the loan through also allow us to take advantage of the eight thousand dollar government First Time Home Owners' incentive. Also, Pamela continuosly communicated with us to ensure that we were always informed. We would strongly recommend Pamela Crim with Premier Lending if you are purchasing a home."

AuthorPamela Crim | Comments Off |
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Thursday
Nov192009

Verlena Huff-Stewart - Client

DateThursday, November 19, 2009 at 12:41PM

I can not thank you enough for all your help in purchasing my house. Your knowledge, honesty and genuine concern for your clients go above and beyond the call of a mortgage lender.  Berry Karch, who was my realtor kept in touch with me while I was doing my tour of duty in Iraq, recommended you highly. You made purchasing my house a very smooth transition by keeping me informed of everything that was going on with the purchasing of my house. You come highly recommended by me. Keep up the excellent good work.

Verlena Huff-Stewart

 

AuthorLonnie | Comments Off |
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Saturday
Oct242009

Patricia Cera - Client

DateSaturday, October 24, 2009 at 9:43AM

Thank you for EVERYTHING you have done for me. I will definitely refer anyone I know to you as I truly feel you provide nothing but the best service and are a genuine person. You exceeded my expectations and you couldn't have made the loan process any easier for me. Again I thank you for everything.

Patricia Cera

AuthorLonnie | Comments Off |
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Wednesday
Oct212009

Angel Vega - Client

DateWednesday, October 21, 2009 at 9:26PM

I was very pleased with Pamela's honesty, communication and reliability.  I will definitely refer her to friends and associates.

Angel Vega

AuthorLonnie | Comments Off |
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Monday
Oct192009

Luis & Sandrine Saenz - Client

DateMonday, October 19, 2009 at 9:45AM

We would like to express our gratitude for your professionalism and attention to detail. We felt 'taken care of', by you and your office. You made the otherwise stressful process of purchasing a home very pleasant. If we should know of any family or friends who are looking to refinance or buy, we will refer them to you. Great job Pam!

Luis and Sandrine Saenz

AuthorLonnie | Comments Off |
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